Dislikedbut with the calculation with kprsa's Pivot indi I get other S/R lines/numbers like with your original one (pic 1 & 2) {image} {image}Ignored
Cheers,
k
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Dislikedbut with the calculation with kprsa's Pivot indi I get other S/R lines/numbers like with your original one (pic 1 & 2) {image} {image}Ignored
Disliked{quote} Looks like there is a additional different Zscore number (1.2?) in the original indicator to me. I used the values (1, 1.645, 1.96, 2.576) from the post #165. Cheers, kIgnored
Disliked{quote} Can You look on your chart on UJ? Now on 23,6 will be good entry for long ? {image}Ignored
Disliked{quote}On daily time frame, the calculation of the volatility for the past can not be correct I think. I am not a coder but the following line should not be sufficient to calculate the past.. double atr=iCustom(Symbol(),PERIOD_M5,"ATR-Close",1440,0,i); //iATR(Symbol(),PERIOD_M5,1440,i); It would be correct for the 5 minute time frame though.. Please advise.. Thanks...Ignored
double atr=iCustom(Symbol(),PERIOD_M5,"ATR-Close",1440,0,i);
Disliked{quote} Yes, you're right. The indicator is written for the TF=5 min only. It would be slightly more complicated if one wanted to use it in other TFs (so MTF type indicator). Specifically the problem is here: double atr=iCustom(Symbol(),PERIOD_M5,"ATR-Close",1440,0,i); The iterator i is TF-dependent. I'll see how to try to sort this out. Note also that to use this on daily TF one will need to have many candles in the M5 graph... Best, kIgnored
DislikedIs there any reason you can think of that this couldn't work on a Mean Renko charts (which are offline charts) - i know you said use on a 5m chart, just wondering if thats because of the technical makeup of the indicator or some other reason. I will test anyway but thought i would ask the questionIgnored
Disliked{quote} I use it on offline range bars and it works fine, but you have keep an open 5 minute chart of the same pair in mt4. Otherwise calculation might get wrong.. Good Luck...Ignored
Disliked{quote} hey GoldTheHun, can you please show a couple charts of your system on range bars, it could be interesting for some of us. ThanksIgnored
Dislikedspx hit daily support 4, or 99% volatility range, a huge skew to downside volatility extreme. Market seem like to do extremely run. "Skew" is a killer for math theory and runners. Dow hit 50% level, then, drop. spx hit 38% level, then, drop. I got a "feeling" that calculation of weekly resistance/support may got error? Fx often overshot on volatility, due to fx is running on spike, overshot to clear out stop loss for them to make $. {image}Ignored
Disliked{quote} Sure metta, Since I only trade sp500 for a long time now, here is pic of my chart. Range bars are 0.50 in height. {image} Red and blue bars come from 3 line break indicator and the 3 orange lines are mtf ma, set at 5 minute timeframe and they are ema37 of close, high and low. And this is it. I don't believe in crowded charts. So this gives me what I want.. Good Luck...Ignored
DislikedHere is a brief explanation of how the levels are calculated: Using the absolute value of close differences of past 5 minute bars we find the volatility. We know from statistical rules that Sqrt(time) * volatility = standard deviation Since we have 288 of 5 minute bars per day, we calculate the statistical boundaries of the day (the levels). Sqrt(288) * Volatility * 1.00 Sqrt(288) * Volatility * 1.645 Sqrt(288) * Volatility * 1.96 Sqrt(288) * Volatility * 2.576 We add and subtract these calculated values from the daily open.. The last multipliers...Ignored
DislikedHi GoldTheHun, Thanks again for your trading strategy. I am so surprised actually..... Do you think it's reasonable to use weekly support/resistance line with Fibb for H4 time frame? Thank you.Ignored